Drax hands £300m to shareholders while waiting for subsidy
Drax is seeking to invest in bioenergy with carbon capture, use and storage (BECCS) technology at its main power-generation site but is looking to the UK government for a subsidy "bridge"
Drax is seeking to invest in bioenergy with carbon capture, use and storage (BECCS) technology at its main power-generation site but is looking to the UK government for a subsidy "bridge"
Kevin O’Byrne will step in to replace Scott Wheway as chairman of Centrica, effective from 16 December 2024.
Aberdeen engineering consultancy Apollo is celebrating its innovation success in offshore renewables in a "watershed" year for the company.
In the same week as the Paris Olympics will officially start, the UK Government launched GB Energy, the public energy company focused on advancing and delivering the UK’s clean energy ambitions.
Aberdeen, Edinburgh and Glasgow are reportedly the three contenders for the headquarters of GB Energy.
An Aberdeen Labour councillor said the "negativity" of local business leaders will be to blame if his party does not select the Granite City as the headquarters for GB Energy.
SNP Westminster leader Stephen Flynn has called for clarity from the UK government over funding for the Acorn carbon capture project in Scotland.
Sir Keir Starmer has warned it will “take time” to reap the benefits of clean power initiatives but stood by a claim that Labour’s plans will eventually drive down household bills by £300 a year amid confusion over the commitment.
Germany’s freshly-approved strategy to import hydrogen has been criticized by industry groups for ignoring the lack of credible pipelines to bring supplies of the clean gas from other parts of Europe.
TotalEnergies SE Chief Executive Officer Patrick Pouyanne said the French energy giant is progressing with its plan to list shares in New York in a bid to lure more US investors.
The first move by newly created Great British Energy is prompting the industry to question the priorities and purpose of the state-backed company.
Aberdeen-headquartered drilling services KCA Deutag is set to be acquired by American competitor Helmerich & Payne (H&P) in a deal worth nearly $2 billion.
A group of companies consisting of Offshore Renewable Energy (ORE) Catapult, Global Energy Group (GEG) and Apollo have released a study focusing on tow-to-port (T2P) operations for offshore wind turbines.
Analysts had expected TotalEnergies to post a profit of $4.92 billion.
The UK will likely need new gas-fired power stations to decarbonise the electricity grid by 2030, according to a new report.
Centrica (LON:CNA) profits fell substantially in its half-year results in what the British Gas owner says is a return to a "more normalised environment".
While trees are well known for sucking carbon dioxide from the atmosphere, researchers have discovered they offer one more important benefit: They can act as a net sink of methane, another gas that harms the planet.
Energy Industries Council eighth annual Survive and Thrive report highlights the ongoing challenges faced by the global energy supply chain amidst geopolitical and policy uncertainties.
The National Audit Office warns of inherent risks in CCUS technology, but says the UK has no "credible alternative pathway" to net zero without it.
GE Vernova Inc. (NYSE:GEV) plans to reinspect every offshore wind-turbine blade the company has ever produced, after finding a “material deviation” at the factory supplying the component that recently broke at a US project under construction.
Offshore wind vessel operator Cyan Renewables Pte Ltd has acquired an Australian peer for $702 million (£544m), in a deal seen addressing a persistent shortage of ships capable of servicing rapidly growing wind farms at sea.
Great British Energy will allow Scotland to “lead the clean energy revolution”, Sir Keir Starmer said as further details about the publicly-owned company are set to be announced.
The Kintore-based company has revealed its first results since being acquired Japanese firm Mitsui last year.
With Prime Minister Keir Starmer hosting EU leaders last week, all eyes are on the relationship between the UK’s new government and its European neighbours. While there will be a lot to discuss, from security to the economy, it is important that there is clarity on the UK’s collaboration with Europe in terms of the energy transition and security.
Australian engineering firm Worley has won an engineering services agreement (ESA) to support the Humber Zero Carbon Capture project.